Here's Why Paying From Your iPhone (Apple Pay) Is Much More Secure

On September 9th, 2014 Apple made an announcement that consumers with the latest iPhone 6 and iPhone 6 Plus models could now utilize a new payment service called Apple Pay. (Also works with iPad Air 2 and iPad Mini 3)

Here are some reasons why you should begin using this payment method as soon as possible:

- It's completely safe and secure. As a matter of fact, it's actually much more safe and secure than using your credit card when paying for goods and services. Your credit card information is only stored on your iPhone and the merchant never sees any of your personal information including your credit card number.

- When you tap your iPhone to the payment terminal you are automatically prompted to approve the payment on the iPhone screen. You no longer sign, you now just use your fingerprint (Touch ID) to approve the transaction and the merchant receives a one-time encrypted dynamic security code that's only good for that transaction at that time. This code is completely unique and can never be used again.

- Let's say you pay for your groceries at your local supermarket chain that accepts Apple Pay. That supermarket chain only receives a one-time unique security code for payment. If your local supermarket chain gets hacked (Target, Home Depot), the hackers only get the security code, which is completely useless at that point.

- You store your credit card information on your iPhone. If stolen or lost, your iPhone is much more protected and secure (Touch ID and PIN) than a normal credit card stored in your wallet/purse.

- You can store multiple credit cards on your iPhone. Once Apple Pay becomes available at more locations you can begin leaving those credit cards at home.

- Your iPhone doesn't need to be unlocked first, and the screen can remain off. Just tap your iPhone to the terminal (or get it close without tapping) and it will automatically wake up the screen and prompt you to approve the transaction.

- To get started just open the Passbook app on your iPhone and setup a credit/debit card.

More banks have now signed on to allow their issued credit cards/debit cards to utilize Apple Pay. Here's the current list:

You can learn more about Apple Pay here:

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